On Deck Capital, Inc. (ONDK) Receives Average Recommendation of “Hold” from Analysts

Shares of On Deck Capital, Inc. (NYSE:ONDK) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.13.

A number of equities analysts have recently issued reports on ONDK shares. Zacks Investment Research raised On Deck Capital from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Saturday, August 12th. Canaccord Genuity reissued a “hold” rating and issued a $5.00 target price on shares of On Deck Capital in a report on Sunday, October 1st. Stifel Nicolaus increased their target price on On Deck Capital from $5.00 to $5.50 and gave the stock a “hold” rating in a report on Tuesday, November 7th. BTIG Research reissued a “hold” rating on shares of On Deck Capital in a report on Tuesday, November 7th. Finally, BidaskClub raised On Deck Capital from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th.

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On Deck Capital (NYSE:ONDK) opened at $4.81 on Thursday. On Deck Capital has a twelve month low of $3.29 and a twelve month high of $5.82. The company has a debt-to-equity ratio of 2.78, a quick ratio of 26.96 and a current ratio of 26.95.

On Deck Capital (NYSE:ONDK) last issued its earnings results on Monday, November 6th. The credit services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.04). On Deck Capital had a negative return on equity of 20.13% and a negative net margin of 15.21%. The company had revenue of $83.67 million during the quarter, compared to analyst estimates of $84.49 million. During the same period in the previous year, the company posted ($0.18) earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. equities research analysts predict that On Deck Capital will post -0.22 EPS for the current fiscal year.

In related news, CRO Andrea Gellert sold 25,147 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $4.62, for a total transaction of $116,179.14. Following the completion of the sale, the executive now directly owns 154,440 shares of the company’s stock, valued at approximately $713,512.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 25.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC increased its holdings in On Deck Capital by 28.4% during the 2nd quarter. Voya Investment Management LLC now owns 28,067 shares of the credit services provider’s stock valued at $131,000 after purchasing an additional 6,202 shares in the last quarter. American International Group Inc. increased its stake in shares of On Deck Capital by 7.0% in the 1st quarter. American International Group Inc. now owns 29,534 shares of the credit services provider’s stock valued at $149,000 after buying an additional 1,940 shares during the period. JPMorgan Chase & Co. increased its stake in shares of On Deck Capital by 58.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,951 shares of the credit services provider’s stock valued at $149,000 after buying an additional 11,751 shares during the period. Nationwide Fund Advisors increased its stake in shares of On Deck Capital by 13.4% in the 2nd quarter. Nationwide Fund Advisors now owns 33,891 shares of the credit services provider’s stock valued at $158,000 after buying an additional 4,010 shares during the period. Finally, Alpine Woods Capital Investors LLC increased its stake in shares of On Deck Capital by 40.0% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 35,010 shares of the credit services provider’s stock valued at $163,000 after buying an additional 10,000 shares during the period. 53.56% of the stock is owned by hedge funds and other institutional investors.

About On Deck Capital

On Deck Capital, Inc offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds.

Analyst Recommendations for On Deck Capital (NYSE:ONDK)

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